click to show more information

click to hide/show information About your Search

20121101
20121130
STATION
WMPT (PBS) 6
LANGUAGE
Search Results 0 to 5 of about 6
lists of policies and often their wish lists of policies, after hurricane katrina there was a meeting at the heritage foundation just two weeks after the storm hit. parts of the city were still under water and there was a meeting and "the wall street journal" reported from it and the heading was 31 free market solutions for hurricane katrina and you go down the list and it was -- don't re-open the public schools. replace the public schools with vouchers and drill for oil in anwar and the arctic national wild life reserve and what kind of free market solutions are these? here you have a crisis that was created by a collision between heavy weather which may or may not have been linked to climate change and what climate change looks like and colliding with weak infrastructure because of years and years of neglect. let's get rid of the infrastructural together and drill for the oil which is the root cause of climate change. that's their shock doctrine, and i think it's time for people shock. >> people shock? >> which we've had before, if you think about 1929 and the market shock and the w
had hurricane katrina seven years ago. we had the oil spill a few years ago. these are events we thought would really drive the conversation. in the end, they did not. may be sandy will be different. certainly, the sheer number of people affected will make a big difference. when you are talking about 1/3 of the country, but if it is not sandy, we will experience another one that will do the trick. >> thank you very much. that is an alarming prospect. as we reported, hurricane sandy has put the u.s. presidential campaign on pause, but today, it was back to business on the trail. republican mitt romney argued that he would do a better job leading the country's economy. at his first step in wisconsin, president obama appealed for another term in office to finish the job he started. a short time ago, he was given the backing of new york's mayor michael bloomberg, who endorsed the president's citing specifically the issue of climate change. i ask the political reporter for the "washington post" what he would be watching out for. we're entering the portion of the campaign where i start
in the wake of a major disaster. so it's probably no surprise that back in 2005, hurricanes katrina and rita drained the fund and plunged the program $18 billion into debt. it's debt congress planned to forgive, but hasn't yet. that leaves the program on poor financial footing with only about $4 billion worth of funds available for claims related to sandy. >> from what i've seen, this could be a $5 billion to $10 billion flooding event, so more than likely, the program will have to go to congress to get additional borrowing authority. >> reporter: former program administrator david maurstad says the program will probably have to turn to congress for help paying claims. >> it's still an obligation that our government said we're going to have this program-- "you buy a policy, we're going to take care of it." and i have every confidence to believe that that will happen. there will be some mechanics that will be involved, possibly, depending on how large of an event this turns out to be. >> reporter: what could be a bigger problem are the number of people affected who don't have flood insurance.
with katrina. we learned with irene. we started with much larger cash supplies than we normally would have, and we've been able to manage that cash supply at a much higher level than we have right now than we've ever had before. >> tom: have you been able to replenish the cash supplies in those a.t.m. machines in a timely manner? >> we have been able to replenish. obviously, there will be an a.t.m. here or there that has a problem, that runs out of cash. there are lines at many of these a.t.m.s in the difficult areas, but even as the longest time, it's within the same day it's replenished. we do have story where's we move cash from one branch to the other to help the branches keep cash. we've beefed up the security force toking in throughout the tristate area. >> tom: frank, let me pull back a little bit from the day-to-day operations and i know you're focused on that. you have waived some bank fees for those affected customers in the region. is that going to be much of an impact when you talk about the fourth quarter business? >> i don't see this impact our fourth quarter business by wavi
of katrina. barack obama rebuilt it. and we are seeing it it work and respond. >> woodruff: do you think the storm could be making that much of a difference. >> i think the perception and you see activity and you see the chris christie thing. people are saying why is christie doing this, for his own mattal ambitions. >> i don't think there is anything like that when you are the governor of a state, a state you love that is in your heart and soul you feel an intense sense of stewardship. and when it gets wallopped by the storm the poll particulars seems irrelevant at this point. and as christie said, i don't care about the politics. if he is going to help me with my state, he is going to help the people of my state, then i'm grateful and i will work with him. so i think it is as simple as that. and i think he has been perfectly willing to hold the view that he's not a good steward of the economy, not good on budget negotiations but he's good on this. and we worked together on this. i don't think that is politically inconsistent. but nonetheless, as a-- about where the election is-- you kn
with that hurricane. >> woodruff: comparisons being made to hurricane katrina, not only new jersey and new york. we also want to say this brings the electoral college projected total at this point-- it's early in the evening-- to 79 electoral votes for president obama 82 electoral vote for governor romney. we know we need 270-- they need 270 in order to become president. >> ifill: of course we have to talk about new jersey because david and mark, chris christie, the governor of the new jersey, royaled the waters a little bit this week by actually having kind things to say about president obama, not that that accountedly the outcome in new jersey, a deeply blue state, but i wonder whether we're watching chris christie more closely. >> i think he did it for severe reasons. his state got whalloped. he was emotionally drawn as anybody in those circumstances. i don't think he was thinking of his future political process. i do think sandy had a political impact. i think the exit polls give some suggestion of that. and partly because they saw the president being effective, but partly because they saw him
Search Results 0 to 5 of about 6